May 8, 2021

EU and Russia push forward on CBDC plans, amid pushback

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By Ellesheva Kissin From GBRR Central banks in Russia and the European Union have both moved forward on their ambitions for digital versions of their currencies, as private sector voices increasingly raise concerns about the potential impact of CBDCs on financial stability. The Central Bank of Russia (CBR) announced its digital rouble concept on 8 April. The CBR […]

Bitt develops world’s first Central Bank Digital Currency in a Currency Union

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31st March 2021, Bridgetown, Barbados – On 31 March 2021, ‘DCash’, designed and developed by international fintech company Bitt in partnership with the Eastern Caribbean Central Bank (ECCB), became the world’s first retail central bank digital currency (CBDC) to be publicly issued within a formal currency union. Governor of the ECCB, Timothy Antoine, conducted DCash’s first cross-border transactions by sending […]

Conduct pilot for upcoming launch of digital asset

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By Rishma Banerjee From BTC Wires According to recently published reports, the Eastern Caribbean Central Bank (ECCB) is all set to conduct a pilot for a blockchain-based central bank digital currency (CBDC), as a preparatory move for its full rollout as a legal tender, possibly by 2020. As a part of this initiative the ECCB, just a […]